APA (ASX:APA) appoints Adam Watson as CEO and MD

• APA (APA) appoints Adam Watson as its new CEO and Managing Director, effective immediately, following a “comprehensive” global search process
• Mr Watson, who joined APA as Chief Financial Officer in 2020, has been the company’s Acting CEO since September
• The APA board says his leadership skills and commercial experience are the “right mix” for the company’s next phase of growth
• His salary package includes a total annual fixed remuneration of $1.6 million inclusive of superannuation
• Shares in APA closed 0.19 per cent higher at $10.78 on Monday afternoon

APA (APA) has appointed Adam Watson as its new CEO and Managing Director, effective immediately, following a “comprehensive” global search process.

Mr Watson, who joined APA as Chief Financial Officer in 2020, has been the company’s Acting CEO since September.

The APA board said his leadership skills and commercial experience in the growth and transformation of complex and diverse organisations were the “right mix” for the company’s next phase of growth.

Prior to joining APA, Mr Watson held senior executive roles at Transurban, Melbourne
Airport and BlueScope, giving him significant experience in capital-intensive industries and the development, delivery and operations of large-scale infrastructure.

“It is a great honour and privilege to be appointed as CEO and Managing Director of APA, a leading Australian energy infrastructure business, at such an important time in the
organisation’s evolution,” Mr Watson said.

“In partnership with our customers, investors, government, communities and our people, we will continue to build on the underlying strength of the APA business as we pursue our agenda to create long-term value through both growth and operational efficiency across our unrivalled energy infrastructure portfolio.”

His salary package includes a total annual fixed remuneration of $1.6 million inclusive of superannuation.

Shares in APA closed 0.19 per cent higher at $10.78 on Monday afternoon.